reports
Argo Group Announces Leadership Changes
NEW YORK--(BUSINESS WIRE)-- Argo Group International Holdings, Inc. (“Argo” or “the company”), an underwriter of specialty insurance products, today announced the appointment of Chris Donahue as Chief Executive Officer. Mr. Donahue joined the company in November 2023 as Chief Financial Officer. “Chris has been integral to the transformation of Argo into a U.S.-focused specialty property & casualty company,” said Jonathan Bayer, Chair of Argo’s Board of Directors. “Argo has a focused strategy for its products and partners and is well positioned for future growth as Chris and the executive team...
Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Grou...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (“Argo”) today announced the completion of Brookfield Reinsurance’s acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per share. Argo’s common shares have ceased trading on the New York Stock Exchange. Argo’s leading U.S. specialty platform adds a foundational piece to Brookfield Reinsurance’s expanding U.S. P&C operations and increases Brookfield R...
Argo Group Reports Third Quarter 2023 Results
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three and nine months ended September 30, 2023. ($ in millions, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 ...
Greg Chilson to Serve as President of Argo Surety
CHICAGO--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced Greg Chilson as president of Argo Surety, effective September 1. Chilson has served as a strategic advisor to the business since May. “Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety’s track record as a very profitable, growth-oriented business,” said Argo’s President of U.S. Insurance, Jessica Snyder. “Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, inc...
Argo Group Reports Second Quarter 2023 Results
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three and six months ended June 30, 2023. ($ in millions, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 ...
Argo Surety Partners with Trisura Group
CHICAGO--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced an agreement, effective immediately, with North American insurer, Trisura Group, Ltd. to support its surety underwriting operations as it works to revamp and grow its surety business. Trisura will provide surety underwriting services and other services to support Argo’s surety operations. Argo will retain surety claims management responsibilities. The two companies intend to partner on and are actively negotiating appropriate terms related to shared surety and co-surety arr...
Argo Group Reports First Quarter 2023 Results
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three months ended March 31, 2023. ($ in millions, except per share data) Three Months Ended March 31, Y/Y 2023 2022 Change Net loss attributable to common shareholders $ (36.4 ) $ ...
Argo Group Schedules First Quarter 2023 Earnings Release
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO) announced today it will release first quarter 2023 financial results after the close of U.S. financial markets on Monday, May 8, 2023. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD. Argo Group International Holdings Ltd. (NYSE: ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group and its insurance subsidiaries are rated...
Argo Group Shareholders Approve Proposed Merger with Brookfield Reinsu...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO) today announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. (“Brookfield Reinsurance”) to acquire Argo in an all-cash transaction valued at approximately $1.1 billion (the “Merger”). The Merger remains subject to other customary closing conditions, including receipt of required regulatory approvals. Argo and Brookfield Reinsurance expect to complete the Merger in the second half of 2023. Argo will file the final vote results, as certified by the indepe...
Argo Group Reports Fourth Quarter and Full Year 2022 Results
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three months and year ended December 31, 2022. ($ in millions, except per share data) Three Months Ended December 31, Q/Q Year Ended December 31, Y/Y 2022 2021 Change 2022 2021 Change Net income (loss) attribu...
Argo Group Schedules Fourth Quarter and Full Year 2022 Earnings Releas...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO) announced today it will release fourth quarter and full year 2022 financial results after the close of U.S. financial markets on Monday, February 27, 2023. An investor conference call in connection with the earnings release will not be conducted due to the company’s recent announcement it has entered into a definitive merger agreement to be acquired by Brookfield Reinsurance. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD. Argo Group International Holdings Ltd. (NYSE: ARGO) is an underwriter of sp...
Argo Group Announces J. Daniel Plants to Step Down from Board of Direc...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo”) today announced that J. Daniel Plants, a member of the Argo Board of Directors (the “Board”) and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. Mr. Plants is Founder and Chief Investment Officer of Voce Capital Management LLC (“Voce”), Argo’s largest shareholder. He was appointed to the Board on August 4, 2022. On February 8, 2023, Argo announced that it entered into a definitive merger agreement whereby B...
Argo Group Announces Closing of Lloyd’s Syndicate 1200 Transaction
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo”) today announced the completion of its previously announced sale of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 to Westfield. “We are pleased to complete this transaction,” said Thomas A. Bradley, Argo’s executive chairman and chief executive officer. “We thank our Lloyd’s team members for their work and dedication to our business over the years, and we are confident they will have a bright future ahead with Westfield.” Goldman Sachs & Co. LLC served as financial advisor and ...
Argo Announces Final Results of 2022 Annual Meeting of Shareholders
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”) today announced that, based on certified voting results from the Company’s Annual Meeting of Shareholders, shareholders have voted to elect Bernard Bailey, Thomas Bradley, Dymphna Lehane, Samuel Liss, Carol McFate, J. Daniel Plants and Al-Noor Ramji to the Company’s Board of Directors. Set forth below are the final voting results for the director nominees as provided by the Inspector of Election: For Withhold Bernard C. Bailey 27,951,503 935,098 Thomas...
Argo Group Confirms Withdrawal of Nominations by Capital Returns Maste...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”) today confirmed that Capital Returns Master, Ltd. has withdrawn its nomination of candidates Ronald Bobman and David Michelson, who Capital Returns Master previously nominated to stand for election to the Argo Board of Directors in connection with the Company’s 2022 Annual Meeting of Shareholders, which will be held on December 15, 2022. Argo issued the following statement: The Argo Board and management team will continue to maintain an ongoing dialogue with its shareholders. W...
Argo Group Mails Letter to Shareholders Setting the Record Straight on...
HAMILTON, BERMUDA--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”) today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders urging all Argo shareholders to vote the BLUE proxy card “FOR” ALL seven of Argo’s highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting. The full text of the letter follows and can be found at the investor relations section of the Company’s ...
Argo Files Investor Presentation Highlighting Transformation into a Le...
HAMILTON, BERMUDA--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”), an underwriter of specialty insurance products, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its 2022 Annual Meeting of Shareholders (“Annual Meeting”), which is scheduled to be held on December 15, 2022. The presentation is available on the section of Argo’s investor relations site. The Company issued the following statement: Over the past three years, Argo has successfully transformed the Comp...
CORRECTING and REPLACING Argo Group Highlights Comprehensive Ongoing S...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Please replace the photo with the accompanying corrected photo This press release features multimedia. View the full release here: Argo Group (Graphic: Business Wire) The release reads: ARGO GROUP HIGHLIGHTS COMPREHENSIVE ONGOING STRATEGIC REVIEW PROCESS IN LETTER TO SHAREHOLDERS Details Exhaustive Outreach to More Than 80 Parties in Pursuit of Sale or Other Strategic Transaction Urges Shareholders to Vote “FOR” All Argo’s Highly Qualified Director Nominees on the BLUE Proxy Card Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Compa...
Argo Group Mails Letter to Shareholders Highlighting the Strength of i...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”), an underwriter of specialty insurance products, today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders (“Annual Meeting”) urging them to vote the BLUE proxy card “FOR” ALL seven of Argo’s highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting. In the letter, Argo highlights its refreshed Board, w...
Argo Group Reports Third Quarter 2022 Results
HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three and nine months ended September 30, 2022. ($ in millions, except per share data) Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 Q/Q Change 2022 2021 Y/Y Change Net income (loss) attributable to common shareholders $ (51.4 $ 19.8 NM $ (73.9 ) $ 114.1 NM ...
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